Morning wrap (19.11.2020)

  • Indices from Wall Street finished yesterday's trading lower. S&P 500 and Dow Jones dropped 1.16% each, Nasdaq declined 0.82% and Russell 2000 slipped 0.72%

  • Stocks in Asia-Pacific are trading mixed. Nikkei drops, S&P/ASX 200 gains and Kospi trades flat. Indices from China gain

  • DAX futures point to a lower opening of the European cash session

  • GBP dropped overnight following reports that some EU members demand European Commission to outlay no-deal plans

  • Bloomberg reports that United Kingdom and Canada will sign free trade agreement in a matter of days

  • Xi Jinping said that expanding domestic demand is a strategic priority for China. He also said that China will lower tariffs further and open the economy

  • CEO of BlackRock, world's biggest asset manager, expect Biden to bring easing and stability to geopolitics

  • Almost 11 thousand coronavirus-related deaths were reported yesterday worldwide - a new record. New cases jumped back above 600 thousand

  • Australian economy added 178.8k jobs in October (exp. -30k) while the unemployment rate came in at 7% (exp. 7.2%)

  • USD and CHF are top performing major currencies while GBP and NZD lag the most. EM currencies trade lower against USD

  • Precious metals pull back amid USD strength. Oil is pulling back as well

Daily coronavirus case count jumped back above 600,000 yesterday. Source: worldometers, XTB

Daily summary: Global stocks finish week in upbeat mood
Three markets to watch next week
Moderna stock rose 17% on AstraZeneca’s vaccine news
Economic calendar: Wall Street to close early
Morning wrap (27.11.2020)
When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses.